OPEC waiting for Russia before deciding level of oil

OPEC waiting for Russia before deciding level of oil cut

17:34 06 December 2018 Read: 1124

OPEC waiting for Russia before deciding level of oil cut

OPEC has made a planned cut in oil output effectively conditional on the contribution from non-OPEC producer Russia, OPEC delegates said on Thursday as the group gathered for a meeting in Vienna, Reuters reports.

Five delegates said the group was waiting for news from Russia as Energy Minister Alexander Novak flew back from Vienna on Wednesday for a possible meeting with President Vladimir Putin.

More about: OPEC Russia

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